BlackRock’s $BTC Premium Income ETF $BITA could start trading as early as Thursday, according to Bloomberg ETF analyst Eric Balchunas.

Regulatory progress has moved the ETF closer to launch, adding another Bitcoin investment option for investors through the world’s largest asset manager.

BITA is designed to give investors Bitcoin exposure while generating income through a covered-call strategy.

The fund will use option premiums to create potential income for investors, adding another way for traditional markets to access Bitcoin through a familiar ETF structure.

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